Jump to: navigation, search

Southeast Bank Limited


Southeast Bank Limited a commercial bank in private sector of Bangladesh. It incorporated as a public limited company on 12 March 1995 under the companies act 1994. It commenced banking operations on 25 May of the same year with an authorised capital of Tk 500 million and the paid up capital was Tk 200 million. At present (2011), the bank has 65 branches.

The management of the bank is vested in a 13-member board of directors including the chairman and a vice-chairman. The managing director is the chief executive.

Basic facts and economic indicators (in million Taka).

Indicators 2004 2005 2006 2007 2008 2009
Authorised capital 2500 2500 3500 3500 3500 1000
Paid up capital 677 1056 2113 2282 2852 3423
Reserved Fund 1020 1180 2828 4187 4805 6505
Deposits 27931 38258 46056 55474 68715 96669
a) Call Deposits 2368 3681 4514 4937 6436 7992
b) Term Deposits 25563 34577 41542 50537 62279 88677
Loans and Advance 22002 32551 41147 48164 60281 77498
Investment 3190 5113 6266 8463 12300 21350
Total Asset 33745 43295 54825 64371 81182 112677
Total income 3069 4690 6766 8670 102503 13702
Total Expenditure 2235 3216 4703 5754 7238 9088
Foreign Currency Trading 28066 46097 74480 78281 115420 140087
a) Export 6762 13511 25875 28771 42178 46724
b) Import 20230 29079 35125 38470 58020 69583
c) Remittance 1074 3507 13480 11040 15222 23780
Total Manpower 835 913 998 1116 1231 1402
a) Officers 685 759 845 964 1080 1254
b) Staff 150 154 153 152 151 148
Correspondent Banks - 507 536 140 145 146
Total Branches (in numbers) 27 31 31 38 46 56
a) Domestic 27 31 31 56
b) Overseas - - - -
Agriculture Credit
a) Loan Disbursed - 4 1 155 94 96
b) Realised - - - 1 30 80
Industrial Credit
a) Loan Disbursed 2162 6649 10801 16069 16783 29457
b) Realsied 1472 3280 5513 10654 11442 25882
Loan Outstanding by Sector
a) Agriculture and Fisheries 5 11 174 256 280
b) Industry 5374 8812 13906 16219 18475
c) Trade and Commerce 20672 21832 20360 23554 33531
d) Poverty Reduction - - - - -

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.

The bank operates about all commercial banking activities including deposit, lending, services foreign trade and financing in different projects. Since its inception, Southeast Bank doing widely foreign exchanges business and foreign trade. So at present the bank has correspondent relationships with 154 banks/bank offices in 50 countries. [Muhammad Abdul Mazid]